Valeant stock and becoming a millionaire!It says no risks, no gains!
At its peak, Valeant's stock price was over $350 (US$250) not that long ago. This type of stocks can actually make a small investor literally a millionaire. If someone has nerve and patience; and let's say invest $100,000 in Valeant stock and can forget about it for a year or two, with a little bit of luck, there is every possibility that he/she may become a millionaire.
Those of us follow market on a regular basis, we know that the price is now almost double even compared to just couple of weeks before. The reason it is possible is that the stock price of this company has literally no limit, it can go anywhere around $100/$200/$300. Sounds impossible but think about it that there are many people probably still holding those super expensive stocks assuming one day it will come there again. Although Valeant has a lot of so called debt, turnover and other issues, still this company has a lot of potential as well due to its diversified business lines as well as new product potential through R&D (and FDA approval sometime gives a health care stock big push).
Its not to say that there are no risks in doing that but it's a fantasy that one can dream of becoming a millionaire! From the personal experience, one thing is guaranteed that if we look at the ups and downs every day, it's almost impossible to hold the shares that long as we are always tempted to sell it as soon as it shows good profit or price goes down a few sessions and or there are some bad news going on. May be this can happen to people who buy stocks and forget it for long (recently, an office colleague brought some stocks that he bought in 90's that he completely forgot about. While doing the math with the current market price, it came almost half a million, not to mention his investment was nominal).
This is just for fun!